Antler Closes Southeast Asia Fund

This is a Singapore news story, published by TechCrunch, that relates primarily to VC news.

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second Southeast Asia fund

TechCrunch

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Antler doubles down on Southeast Asia with $72M second startup fund | TechCrunch

Summary

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85% Informative

Antler , the Singapore VC that focuses on early-stage investments, just closed its second Southeast Asia fund.

It’s raised $72 million to double down on startups in Singapore , Indonesia , Vietnam and Malaysia .

Antler SEA Fund II will focus on the pre-launch, pre-seed, and seed money stages.

The VC firm plans to allocate $27 million in funding to 45 startups within six to nine months .

The latest fund is three times the previous fund, the SEA Fund I , which was approximately north of $20 million . It has invested in 91 companies, including Airalo , an e-SIM marketplace; Reebelo , a marketplace that sells refurbished and new electronics like laptops, iPads , appliances, and power tools; and bluesheets, a startup that has built AI software to help businesses automate their bookkeeping processes..

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formal

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English

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